2.0 or 1.1.4 again... decisions...

hi guys
i was hoping you could provide me with a bit of advice
i got the SWOD on my ipod touch which was on JB 1.1.4
im REALLY undecided about going restoring to 1.1.4 again and jailbreaking with i liberty, (i could get installer AND cydia, along with recover some apps i saved from my touch) or updating to 2.0 and using quickpwn which i have never done before.

any tips/ pros and cons of each?

also, can you run all the apps from cydia on both 2.0 and 1.1.4?
any help would be great
thanks

And, unless they've been ported, applications on Firmware 1.1.4 are not compatible with Firmware 2.0 because the frameworks is completely different. Frameworks is the basis of applications/the coding on which applications are developed.